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A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 29 weeks. Assume that the
A leading magazine (like Barron's) reported at one time that the average number of weeks an individual is unemployed is 29 weeks. Assume that the length of unemployment is normally distributed with population mean of 29 weeks and the population standard deviation of 2 weeks. Suppose you would like to select a random sample of 36 unemployed individuals for a follow-up study. Round the answers of following questions to 4 decimal places.
- What is the distribution of XX? XX ~ N(,)
- What is the distribution of xx? xx ~ N(,)
- What is the probability that one randomly selected individual found the next job is more than 29 weeks?
- For 36 unemployed individuals, find the probability that the average time that they found the next job is more than 29 weeks.
- For part d), is the assumption of normal necessary? NoYes
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